Will “Broker Associate” be Replaced By Robots? 🤔
97% Chance of Automation
“Broker Associate” will almost certainly be replaced by robots.
This job is ranked #663 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
- The SOC (Standard Occupational Classification) code is 41-9021.00
- The Mean Annual Wage in the U.S. is $ 79,340.00
- The Mean Hourly Wage is $ 38.00
- Currently, there are 40,850 people on this job
☝️ Information based on the reference occupation “Real Estate Brokers”.
Also Known As…
- Real Estate Brokers
- Supervising Broker
- Real Estate Sales Associate
- Real Estate Broker
- Real Estate Associate
- Managing Broker
- Designated Broker
- Broker Assistant
- Realty Specialist
- Realty Loan Specialist
- Real Estate Salesperson
- Real Estate Closer
- Licensed Real Estate Broker
- Lease Analyst
- Lease Administration Analyst
- Contract Specialist
- Closing Agent
- Buyer Broker
- Broker Associate
Tasks for “Broker Associate”
- Arrange for financing of property purchases.
- Review property details to ensure that environmental regulations are met.
- Supervise agents who handle real estate transactions.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
- Develop, sell, or lease property used for industry or manufacturing.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Rent properties or manage rental properties.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Manage or operate real estate offices, handling associated business details.
- Appraise property values, assessing income potential when relevant.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Give buyers virtual tours of properties in which they are interested, using computers.
- Sell, for a fee, real estate owned by others.
- Arrange for title searches of properties being sold.
- Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
Related Technology & Tools
- Laser facsimile machines
- Digital cameras
- Personal computers
- Personal digital assistants PDA
- Photocopying equipment
- Measuring tapes
- Passenger vehicles
- Desktop computers
- Handheld calculators
- Laptop computers
- Computer laser printers
- Digital video cameras
- Showing Suite
- RealData REIA
- Lease Cost Solutions LseMod
- Visual Lease
- Real estate listing databases
- Microsoft PowerPoint
- PropertyBoss Solutions PropertyBoss
- Microsoft Word
- Property records databases
- Intuit QuickBooks
- Web browser software
- Microsoft Office
- AppFolio Property Manager
- Enterprise Software Systems CRE Sync
- Customer relationship management CRM software
- Microsoft Internet Explorer
- Real Estate Assistant REA
- London Computer Systems Rent Manager
- Microsoft Outlook
- Property Boulevard
- Google Earth Pro
- Domin-8 Enterprise Solutions Tenant Pro
- Yardi Systems Yardi Voyager Commercial
- Deep Forest Systems OnCite
- First American CoreLogic RealQuest Pro
- Adobe Systems Adobe Photoshop
- Microsoft Excel